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20121226
20121226
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CNBC
Dec 26, 2012 6:00am EST
disposed to. the trouble with citi at this point is this stock has run nicely and not as much discount as it used to be. >> brennan, when this is done are the banks going to wind up overcapitalized or is the push to shore up the balance sheets more generally going to end up being accurate? >> no question they're going to be overcapitalized. the trouble is you have to kiss the ring of ned in order to get the approval to return capital to shareholders. it's my view the fed, especially right now, given not only the political pressure but recency of the financial crisis, they're going to be far more cautious approving return of capital to shareholders. we will still see the firms the regulators believe in, goldman sachs and jpmorgan, they will still be able to return a good deal of capital. the newcomers to that party, bank of america, citigroup, morgan stanley, it's going to be slow going at first. no one wants to come out like citigroup did last year with too aggressive ask and get denied. >> thanks. >> thanks a lot. good talking to you. >>> coming up, we're just five days away from the
Search Results 0 to 0 of about 1